Facebook hits 300 million members and starts to make money
In a recent blog post, Facebook founder Mark Zuckerberg has revealed that for the first time the service is starting to turn a profit. This is ahead of Facebook’s self imposed target of being cash-flow-positive by 2010.
Of course, many have argued that with such a large number of users Facebook could hardly fail to successfully monetise their service. Although it has come in for a lot of criticism, Facebook’s business model of selling advertising against user profiles has meant that it has managed to turn users into dollars.
And with the financial news comes that of user numbers, which have now reached 300,000,000. That’s a three fold increase on this time last year.
Zuckerberg said that the financial news meant that Facebook was now a serious independent Internet company. And with such a large and fast growing userbase, it is being seen as a rival to other big Internet brands such as Google and Yahoo.
And he also has much bigger plans for the userbase: 300million, he said, was just a starting point.
Last month of course we reported on the news that Facebook is now the fastest growing search engine. And the site is also currently testing an online payment method.
Are you a fan of Facebook? Have you tried advertising your website using their self serve advertising system? Have you integrated your WebEden website with Facebook? Leave us a comment below